CODA to provide global accounting software for Caterpillar

November 13, 2006 By Budgeting Software Journal

CODA plc, the finance systems specialist quoted on the Alternative Investment Market (AIM; stock code: CODA), today announced it has signed a contract with Caterpillar Inc, the worldâ€™s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.

The contract covers licenses for CODA e-Finance, CODAâ€™s web-browser based international accounting system, along with several related products (CODA-XL, CODA e-Assets and XMLi) for use at Caterpillar Inc. sites and Caterpillar dealers worldwide.

CODA focuses on financial accounting systems for medium to large organizations, particularly those that have a strong international focus. This is the latest in a series of international clients won by CODA, including the recently announced Louvre Hotels, based in France.

â€œWe are delighted to be working with Caterpillar Inc., and providing the core finance system for their global dealer network,â€ said Jeremy Roche, CEO of CODA plc. â€œI believe this project demonstrates the ability of CODA-Financials to scale across businesses of all sizes, and particularly exploits the productâ€™s suitability for multi-site, multi-company and dealer-network operations.â€